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Dec 11, 2012
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a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details.
a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details.
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Dec 11, 2012
12/12
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. >> reporter: advocates for seniors wants social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they're entitlement reforms and giveaways. these are programs that people have paid for over their entire working lives and have earned these programs. >> reporter: if lawmakers and the president don't find a compromise, taxes for all american will go up, and across-the-board spending cuts will kick in on january 1. danielle nottingham, cbs news, washington. >>> secretary of state hillary clinton canceled a trip to north africa in the middle east because of a stomach virus. the focus of the trip is the crisis in syria. and the obama administration has granted one group affiliated with the rebels a terrorist organization that has alleged ties to al qaeda. any assets in the u.s. are frozen, and americans are barred from doing business with it. >>> the body of the navy s.e.a.l. killed during a mission to rescue an american doctor from the taliban is on its way home. the family of dr. dilip joseph released a statement praising the s.e.a.l.'s hero im. he was
. >> reporter: advocates for seniors wants social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they're entitlement reforms and giveaways. these are programs that people have paid for over their entire working lives and have earned these programs. >> reporter: if lawmakers and the president don't find a compromise, taxes for all american will go up, and across-the-board spending cuts will kick in on january 1. danielle nottingham, cbs...
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Dec 11, 2012
12/12
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progress is reportedly being made in talk toes avoid the u.s. fiscal cliff. another top republican lawmakers offers an olive branch to the white house. >>> and sylvia berlusconi accuses the current premier as being german-centric. >>> and the dfw returns to a new year high. >> you're watching "worldwide exchange." bringing us business news from around the globe. >>> 13220 is the level of the dow. the nasdaq is trying to add five of six points. we're seeing a bit of a rebound shaping up here in the red. the ftse global 300 is up about .2%. for the most part, it's all green across europe. the ftse 1100 adding .2%. the xetra dax and cac 40 in germany, paris, better than .5%. up 1% after falling double that yesterday. we're seeing gains in italy and portugal, ross, as invest everies have now perhaps priced in the latest turmoil in italy. >> absolutely. meanwhile, unemployment may have ticked down 7..7%. 10.9% for those aged 18 to 29 and this one saying they're struggling to fill vacancies because of a lack of suitable skills. this all according to our next guest
progress is reportedly being made in talk toes avoid the u.s. fiscal cliff. another top republican lawmakers offers an olive branch to the white house. >>> and sylvia berlusconi accuses the current premier as being german-centric. >>> and the dfw returns to a new year high. >> you're watching "worldwide exchange." bringing us business news from around the globe. >>> 13220 is the level of the dow. the nasdaq is trying to add five of six points. we're...
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Dec 11, 2012
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further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to be back with you. >> rose: we've talked many times about g.e. since you took over, i think once since -- just after 2001. where is the company today in terms of where do you want it to be and where do you want it to be in the next five years? >> i think, charlie, what we've tried to do is simplify the portfolio into infrastructure and financial services. we like where the portfolio is today. we think in the infrastructure space there's going to be roughly $4 trillion spent each year, so it's an attractive big market. globally is where our opportunities are so the company's -- probably a decade ago 30% of our revenues were outside the united states. now it's more like 60% or 65%. so we think we've got the portfolio we want. we've dramatically increased the amount of technology. and in the end i think technology and innovation are the competitive advantage. we've got a good global footprint. w
further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to be back with you. >> rose: we've talked many times about g.e. since you took over, i think once since -- just after 2001. where is the company today in terms of where do you want it to be and where do you want it to be in the next five years? >> i think, charlie, what we've tried to do...
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Dec 11, 2012
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. >> there is some signs today prof gres in the fiscal cliff negotiations. the president still says he won't compromise on demands that the wealthyest americans pay more in tax autos he's not criticizing republicans, either. that is a possible indication that private tuck talk was republican leaders are going along okay. >> move on.org is hosting rallies and pushing for an end to those cuts. abc 7 news is at one of them right now. >> this rally supposed to begin at 4:00 this afternoon. they're slow getting started. there is a couple dozen people here this, he say they're expecting about 400 by later tonight. there were rallies like this around the bay area today in walnut creek and into oakland. outside of the social security administration office a crowd of 50 listened to speakers calling on congress to quote do the right thing. >> tax the super rich. protect the middle class. >> they added don't do anything to cut social security or#'6qp medicare or medicaid. >> i tell you, i'm going back to washington, d.c. tomorrow to continue to fight for this fight. an
. >> there is some signs today prof gres in the fiscal cliff negotiations. the president still says he won't compromise on demands that the wealthyest americans pay more in tax autos he's not criticizing republicans, either. that is a possible indication that private tuck talk was republican leaders are going along okay. >> move on.org is hosting rallies and pushing for an end to those cuts. abc 7 news is at one of them right now. >> this rally supposed to begin at 4:00 this...
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Dec 11, 2012
12/12
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KRON
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and is looking more likely that we will go off the fiscal cliff at the end of the year. 706 a m right now and we'll be back with more in a couple of minutes. here's a live look at the golden gate bridge. we will be right back. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ apple shares are up over 40 percent for the year. also watching facebook par. >> facebook shares up to 2786. >> the port of oakland maritime director james caan is stepping down as a newly released audit shows that nearly $200,000 in questionable expenses. from luxury mills to tiffany silver caearrings. to you-to concert tickets. an internal audit of 2011 expenses or already under way in october when news broke out about the port executive director, omar benjamin and qu
and is looking more likely that we will go off the fiscal cliff at the end of the year. 706 a m right now and we'll be back with more in a couple of minutes. here's a live look at the golden gate bridge. we will be right back. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in...
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Dec 11, 2012
12/12
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FOXNEWSW
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talking about the pesky fiscal cliff loomming in the end of the year. you know, the way washington works. you got to write bills and get people on board. if that is true and if they want to have a deal by january wobst as you look at a live picture where no one is working in that building. they would have to come up with a deal sometime this week by this weekend. it is interesting according to usa today apparently both sides are talk not releasing detailings. mr. boehner wants to know what spending cuts the president is talking about . the president wants to know what kind much tax hike the republicans go on. >> gretchen: it feels like dejavu. ground hog dog. last year it the debt ceiling orificical cliff. it was the debt ceiling. >> steve: first fiscal cliff of our lifetime. >> gretchen: it feels like it has been here a longg time and they were talking about the importance of the day to get the bill actually through. i feel like they can jump through hoops and get past that, too. >> eric: had it has to originate in the house and sent over marked up to
talking about the pesky fiscal cliff loomming in the end of the year. you know, the way washington works. you got to write bills and get people on board. if that is true and if they want to have a deal by january wobst as you look at a live picture where no one is working in that building. they would have to come up with a deal sometime this week by this weekend. it is interesting according to usa today apparently both sides are talk not releasing detailings. mr. boehner wants to know what...